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Supreme Court, Appellate Division, First Department, New York.

IN RE: Niklas LAMOTTE, et al., Petitioners-Appellants, v. Jeffrey F. BEITER, Executor of the Estate of John Beiter, Respondent-Respondent.

Decided: November 21, 2006

FRIEDMAN, J.P., SULLIVAN, NARDELLI, CATTERSON, McGUIRE, JJ. Willkie Farr & Gallagher LLP, New York (Philippe M. Salomon of counsel), for appellants. Katten Muchin Rosenman LLP, New York (Steven Shiffman of counsel), for respondent.

Order, Supreme Court, New York County (Carol Edmead, J.), entered June 6, 2006, which, inter alia, denied the application and dismissed the petition pursuant to CPLR 7503(b) to stay arbitration, unanimously affirmed, with costs.

The petition to stay arbitration was properly denied.   Contrary to petitioners' contentions, no language in the parties' agreement expressly made the procedures for the valuation of the holdings of the decedent's estate conditions precedent to arbitration (see Matter of United Nations Dev. Corp. v. Norkin Plumbing Co., Inc., 45 N.Y.2d 358, 364, 408 N.Y.S.2d 424, 380 N.E.2d 253 [1978] ).   Nor did the valuation provision by its own terms remove every issue relating to the valuation procedures from consideration by the arbitrators (cf. Matter of Dimson [Elghanayan], 19 N.Y.2d 316, 280 N.Y.S.2d 97, 227 N.E.2d 10 [1967];  Matter of Am. Silk Mills Corp. [Meinhard-Commercial Corp.], 35 A.D.2d 197, 315 N.Y.S.2d 144 [1970] ).